Provincial and Territorial Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Summary of changes

Activity on this program started: 1981

Reference period of change - 2020

This release incorporates revisions to the Provincial and Territorial Economic Accounts for 2017 and 2018, and estimates for 2019. Estimates of provincial-territorial gross domestic product by industry from 2017 to 2019 were also revised. Both incorporate the new 2017 benchmark provincial and territorial supply and use tables, as well as revised provincial-territorial source data for 2018 and 2019.

Reference period of change - 2019

This release incorporates revisions to the Provincial and Territorial Economic Accounts for 2016 and 2017 and the addition of estimates for 2018. Estimates of provincial-territorial gross domestic product by industry from 2016 to 2018 were also revised. Both incorporate the 2016 benchmark provincial and territorial supply and use tables, revisions to the national income and expenditure accounts released today, as well as revised source data. This release reflects the integration of non-medical cannabis and historical updates to travel services.

Reference period of change - 2018

The Provincial and Territorial Culture Indicators (PTCI) are timely economic estimates of culture and sport in Canada, and were developed as an extension of the more comprehensive Provincial and Territorial Culture Satellite Account. The PTCI cover culture (including arts and heritage) and sport across Canada in terms of output, nominal gross domestic product (GDP) and jobs for the years 2010 to 2017.

Reference period of change - 2017

This release incorporates revisions to the provincial and territorial economic accounts for 2015 and 2016 and the addition of estimates for 2017. The provincial-territorial gross domestic product by industry data from 2015 to 2017 were also revised. Both data series incorporate the new 2015 benchmark provincial and territorial supply and use tables, revisions to the national income and expenditure accounts released today, as well as revised provincial-territorial source data. A new base year of 2012 was adopted for volume estimates, that is, those estimates controlling for the effects of price changes; this replaces the previous 2007 base year. Updates were made to the trade classification.

Provincial and Territorial Economic Accounts Review, 2017 Estimates (https://www150.statcan.gc.ca/n1/pub/13-016-x/13-016-x2018001-eng.htm) For the first time since 2010, real gross domestic product (GDP) advanced in all provinces and territories in 2017. Alberta's economy grew the fastest among the provinces (+4.4%), while Ontario and Quebec, Canada's largest provincial economies, both rose 2.8%. Canada's real GDP rose 3.0% in 2017, following a 1.1% increase in 2016. Final domestic demand rose 3.1%, the fastest pace since 2010.

Measuring the sharing economy in the Canadian Macroeconomic Accounts (https://www150.statcan.gc.ca/n1/pub/13-605-x/2017001/article/14771-eng.htm). The sharing economy has received a lot of attention lately from policy makers, businesses, the media and the public. The concept of the sharing economy is not new—people have been bartering and sharing goods and services throughout human history. Enabled by technology and social trends, the sharing economy is transforming the ways in which economic agents can produce and consume goods and services.

Reference period of change - 2016

As an extension of the Provincial and Territorial Economic Accounts, the Canadian System of Macroeconomic Accounts now includes detailed estimates of revenues, expenditures, surplus/deficit and net lending for all government sub-sectors, for each province and territory. This note Deriving revenue, expenditure and budgetary balance of the government sector by province and territory (https://www150.statcan.gc.ca/n1/pub/13-605-x/2016001/article/14627-eng.htm) explains the general approach taken to derive a provincial distribution of those sub-sectors which exist and operate in more than one provincial or territorial jurisdiction.

Reference period of change - 2014

As an extension of the Provincial and Territorial Economic Accounts, the Canadian System of Macroeconomic Accounts now includes detailed estimates of revenues, expenditures, surplus/deficit and net lending for all government sub-sectors, for each province and territory. Deriving revenue, expenditure and budgetary balance of the government sector by province and territory (www.statcan.gc.ca/pub/13-605-x/2016001/article/14627-eng.htm)explains the general approach taken to derive a provincial distribution of those sub-sectors which exist and operate in more than one provincial or territorial jurisdiction.

Reference period of change - 2011

This release of the provincial and territorial economic accounts incorporates revisions back to 2007, as part of the ongoing historical revisions, which are much broader in scope than the regular revisions undertaken on an annual basis. These historical revisions are reserved for incorporating updated international national accounting standards, as well as conceptual, classification, presentational and major statistical changes. Revisions back to 1981 will be released in 2013. The revisions are consistent with those incorporated in the Canadian economic accounts, published on October 1, 2012. This release also incorporates the new provincial and territorial input-output accounts benchmarks for reference year 2009.

Reference period of change - 2002

Conceptual changes - A number of changes related to Licenses and Registration, Farm Inventories, Land Transfer Taxes, Spectrum Charges and Trade have been incorporated into the Provincial Economic Accounts. These changes have been incorporated into the affected series back to 1981 and are consistent with those changes which have been incorporated in the National Income and Expenditure Accounts since May 31, 2002. These changes are described in an article "The 2002 Revisions of the National Economic and Financial Accounts"; see "Latest developments in the Canadian economic accounts", Statistics Canada, Catalogue no. 13-605-XIE, free. The side bar menu of that electronic publication includes: chronology of events, conceptual changes, classifications changes, and data revisions.

Estimation - The Provincial Economic Accounts will adopt the Fisher Volume Index, chained annually, as the official measure of real expenditure-based GDP. This change will be incorporated into the affected series back to 1981. For more information see: www.statcan.ca/english/concepts/chainfisher/index.htm.

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